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8 Tricky Insurance Terms Defined

Want more definitions? Visit geico.com for our complete insurance glossary.

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  1. Hector Torres says,

    I need hazard insurance for my company and I rent an office. What type of insurance should I select on your platform? Renter’s Insurance?

  2. Sandi Feller says,

    I’m planning to rent a home with my son & put some items in storage. Do we get 2 separate policies?

  3. Raylin Sutter says,

    I really appreciate how clear this post is with the terminology of words such as ‘subrogation’ and ‘tort’. I am planning on getting my first car and insurance for it in April. However, right now I am in the process of just trying to figure everything out and prepare for it. What should I do if I don’t fully understand the way that terms are used in the binder or other written parts of the agreement?

  4. Deanna R. Jones says,

    Thanks for the tips! I’m looking through some of the paperwork for different types of insurance, and there are several terms that are difficult to understand. I’ve seen subrogation, so knowing that it’s defined as the process of covering someone who filed a claim for an accident they weren’t responsible for. Tort was also tricky to understand, so now that I know that it’s the injury that the other party is responsible for in an accident. Now that I’m more familiar with these terms, I’ll actually be able to understand what insurers are talking about.

  5. Virginia Davis says,

    Thanks for the information. Trying to figure out auto insurance has always stressed me out. Understanding some of the insurance terms will really help me to know what what is going on. As I figure out what kind of insurance is best for me, I will be sure to remember what these terms mean.